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CIE AUTOMOTIVE INDIA
PE (Price/Earnings) Ratio

The Current P/E Ratio of CIE AUTOMOTIVE INDIA is 33.10.

Share Price ₹490.6Apr 30,2024
Market Cap ₹18,611.5 Cr
Earnings-TTM₹562.3 CrTTM-Standalone Results
Price/Earnings33.10xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of CIE AUTOMOTIVE INDIA

Price-to-Earnings ratio, P/E Multiple, or P/E Ratio is an important valuation multiple that is defined as:

P/E = Market Capitalization / Net Income

or, using per-share numbers:

P/E = Stock Price / Earnings Per Share (EPS)

Applying the above formula, P/E ratio of CIE AUTOMOTIVE INDIA is calculated as :

Current Market Cap [ ₹18,611.5 Cr] as on Apr 30,2024

(/) Earnings [ ₹562.3 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ 33.10x ]

P/E Ratio indicates the multiple of earnings investors are willing to pay to own one share of the company.

Thus, for CIE AUTOMOTIVE INDIA , the investors are currently willing to pay 33.10 times earnings to own 1 share of the company.

PE Multiples are the most widely used valuation multiple in practice.

Since P/E ratio uses Net Income in the calculation, P/E multiples are not always reliable for valuing companies with negative earnings.

In such cases, you may consider using Price to Book ratio or Price to Sales ratio of CIE AUTOMOTIVE INDIA !

P/E ratios, also, would not adjust for differences in the capital structure between companies.

The chart below summarizes the trend in P/E Ratio of CIE AUTOMOTIVE INDIA over the last five years.

Historical PE (Price/Earnings) ratio chart of CIE AUTOMOTIVE INDIA


PE Ratio Performance Analysis for CIE AUTOMOTIVE INDIA

- CIE AUTOMOTIVE INDIA 's latest p/e ratio is 33.10x.

- CIE AUTOMOTIVE INDIA 's p/e ratio for fiscal years ending Dec2022 to Dec2018 averaged 66.73x.

- CIE AUTOMOTIVE INDIA 's operated at median p/e ratio of 80.77x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, CIE AUTOMOTIVE INDIA 's p/e ratio peaked in Dec2018 at 103.17x.

- CIE AUTOMOTIVE INDIA 's p/e ratio hit its five-year low in Dec2022 of 25.47x.


How does CIE AUTOMOTIVE INDIA 's P/E Ratio benchmark against top 10 peers in Forgings Industry?

Peer Comparison (Forgings Industry)Earnings-TTM (Cr)PE RatioMarket Cap
CIE AUTOMOTIVE INDIA 562.3433.1018,611.5
BHARAT FORGE LTD806.5373.3859,183.3
RAMKRISHNA FORGINGS LTD316.5442.9113,583.3
MM FORGINGS LTD127.9221.772,785.2
LGB FORGE LTD-8.31-29.27243.2
HILTON METAL FORGING LTD8.6328.25243.7
KALYANI FORGE LTD4.6134.91160.9
SAMRAT FORGINGS LTD3.4055.70189.5
TIRUPATI FORGE LTD6.8626.92184.7
GANGA FORGING LTD1.9455.65108.0

Forgings Industry Benchmark (Top 10) PE Analysis vs CIE AUTOMOTIVE INDIA 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -29.27x
Max industry PE 73.38x
Median industry PE 34.91x
Average industry PE 34.33x



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